USDA Supply and Demand Report Expectations
Traders will be looking for crop revisions in today's USDA Supply and Demand report.
In the overnight session the grains were mostly unchanged with corn up 1/4 cent, soybeans up 2 1/1/2 cents and wheat down 1/2 a penny. The dollar is trading a fraction of a percent higher and crude oil has fallen $1.32. This morning there was a reportable new crop sale of 180,000 metric tons...[Read More]
Strong Ethanol Production
Cody looks at ethanol production and stocks as well as expectations for tomorrow's export sales report.
Market Eyes Friday’s Report
With the market eyeing the UDSA report on Friday here is the yield forecast of some top analysts.
In the overnight session the grains are trading mostly lower with corn down 3/4 of a cent, soybeans down 3 3/4 of a cent and wheat up 1 1/2 cents. Crude oil is trading pennies higher and the U.S. dollar is trading down .1 percent. Export sales will be released on Friday due to the holiday...[Read More]
Will Soybean Exports Continue to Decline?
Tune in as Cody reviews export inspections, crop progress, and the yield forecast.
Grains Supported by Outside Markets
Grains were supported by outside markets alongside some good reportable export sales announced.
In the overnight session the grains traded higher with corn up 1 1/4 cents, soybeans up 3 3/4 cents and wheat up 4 cents going into the morning pause. Crude oil is trading lower by 35 cents and the U.S dollar index is up .44 percent. Yesterday morning two reportable sales announced that...[Read More]
Positive Gains in the Overnight
Grains Bullish after three day weekend
Grains were in a bullish mood this morning coming back from the three-day weekend with positive gains across the board. Wheat and beans led the charge higher posting 8 cent gains in the overnight session while corn logged a 5-cent advance.
Global markets felt more at ease on Monday and...[Read More]
Corn and Beans to Continue to Trend Lower?
Cody looks at the technicals and fundamentals to weigh in on what he thinks will happen to corn and beans in the weeks to come.
Weekly Cash Comments
Cash Commentary for week ending September 4th
Soy basis continued to plunge lower this week as old-crop premium levels eroded closer to new-crop delivery levels. For the week, US average soybean basis fell 17 cents a bushel, while corn managed a positive 2-cent gain.
Grains Mixed Headed Into a Long Weekend
The grains are mixed as traders head into a long weekend. Precipitation expected late in the weekend is expected to benefit the crop.
In the overnight session the grains traded a bit higher with corn up 1/2 a cent, soybeans up 3 cents and wheat up 2 1/2 cents this morning. The outside markets are weaker with the mini Dow down 1.14 percent and the e-mini S&P down 1 percent. The U.S. dollar is trading mostly unchanged at the...[Read More]
Big Surprises for New Crop Export Sales
Cody gives an update on global news, export sales, and yield forecasts.